British American Tobacco p.l.c. (LON:BATS – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 3,013 ($37.22) and last traded at GBX 3,009 ($37.17), with a volume of 16420826 shares changing hands. The stock had previously closed at GBX 2,997 ($37.02).
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,800 ($34.58) target price on shares of British American Tobacco in a report on Thursday, December 12th.
Read Our Latest Stock Analysis on British American Tobacco
British American Tobacco Stock Performance
British American Tobacco Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th will be issued a GBX 58.88 ($0.73) dividend. This represents a dividend yield of 2.54%. The ex-dividend date is Thursday, December 19th. This is a positive change from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s dividend payout ratio (DPR) is -3,794.21%.
Insider Buying and Selling at British American Tobacco
In related news, insider Tadeu Marroco purchased 48 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of GBX 2,716 ($33.55) per share, for a total transaction of £1,303.68 ($1,610.28). Insiders have purchased a total of 63 shares of company stock worth $173,913 in the last quarter. 10.55% of the stock is owned by insiders.
British American Tobacco Company Profile
BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.
BAT is transforming and is well positioned with a global footprint and multi-category portfolio.
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